Company News

Sam Altman says he is returning to OpenAI after being fired by the company and joining Microsoft only days ago.

The general manager of CBH Resources believes there could be another six to nine months of production at Broken Hill's Rasp Mine, but more jobs could be lost if it does not sell.

The company is behind Chat GPT and Sam Altman was at the fore before he was sacked by the board before being hired by one of the company's major supporters and tech giant Microsoft.

OpenAI's board has not been forthcoming with the reasons behind the move, though the company's unusual structure provides a potential clue.

Mining stocks have driven the Australian share market higher, while Fortescue shareholders reject remuneration report.

Kelly Bayer Rosmarin was highly regarded as a corporate warrior after surviving last year's cyber attack fallout, but her fate at Optus was decided earlier than Monday morning's announcement, writes Peter Ryan.

Mark Gregory from RMIT says Australian technology companies have a tendency to employ people with legal or accounting backgrounds to CEO roles, with Kelly Bayer Rosmarin the latest.

Optus chief executive officer Kelly Bayer Rosmarin resigns in the wake of November 8's major outage, saying it is "in the best interests of Optus going forward".

Optus chief executive Kelly Bayer Rosmarin resigns following the telco's recent service outage, while the Australian share market finished higher after energy stocks rallied.

Optus CEO Kelly Bayer Rosmarin was unwilling to give a definitive on what if any compensation would be given to those impacted by the outage, Afternoon Briefing's Matt Doran spoke with Committee Chair Sarah Hanson-Young.

Issues between blue and green message bubbles could soon be a thing of the past, as Apple moves to adopt the RCS standard.

Optus boss Kelly Bayer Rosmarin tells a Senate inquiry that 228 triple-0 calls were unable to be made during last week's outage, while the Australian share market falls slightly after Wall Street's recent rally comes to an end. Read how the day unfolded on our live blog.

Cassegrain Wines on the NSW Mid North Coast is purchased by a syndicate of investors including the son of its former managing director, after going into voluntary administration earlier this year.

After a subdued start, the ASX closed lower on Thursday after Australia's unemployment rate rose to 3.7 per cent in October even though 55,000 new jobs were added. Look back on the day's developments with our blog.

A rally on Wall Street sends Australian stocks higher, while wages post their biggest quarterly increase in at least a quarter of a century. Look back on the day's developments with our blog.

The Australian share market has risen moderately despite Wall Street's struggle to find direction overnight as investors await crucial inflation data that will decide how high US interest rates will climb.

Australia's leading iron ore miners are starting to diverge on their views about future demand for the commodity that's vital to our economy, and it's showing up in their investment decisions.

Attempts are underway to clear thousands of shipping containers after Friday’s technical difficulties, but it seems certain there will be some Christmas delays.

Optus says "changes to routing information" after a "routine software upgrade" was behind last week's nationwide outage, affecting 10.2 million Australians and impacting 400,000 businesses.

Australian shares closed lower on Monday, led by a substantial drop in ANZ's share price as its full-year profit misses market forecasts. Look back on the day's developments with our blog.

CEO of the Australian Communications Consumer Action Network says Optus hasn't learned the lessons from its last breach.

The ASX closed lower after the RBA gave its latest economic update, outlining that inflation is unlikely to return to target until December 2025, while the US Federal Reserve warned interest rates may not be high enough.

There's mounting pressure on Optus to do more to explain itself after yesterday's unprecedented phone and internet outage with calls for compensation growing louder.

Telecommunications experts warn Australia’s major mobile providers are vulnerable to another major outage due to gradual cost-cutting and a critical lack of regulation.

Optus will provide eligible customers, including small businesses, 200GB of free data as compensation for its nationwide outage that lasted for more than 12 hours and impacted more than 10 million Australians.